A least squares approach for efficient and reliable short-term versus long-term optimization

DOI10.1007/s10596-017-9620-9zbMath1387.90242OpenAlexW2588633465MaRDI QIDQ1702382

Lasse Hjuler Christiansen, John Bagterp Jørgensen, Andrea Capolei

Publication date: 28 February 2018

Published in: Computational Geosciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10596-017-9620-9

zbMATH Keywords

optimal controlmulti-objective optimizationrisk managementoil productionshort-term versus long-term optimization

Mathematics Subject Classification ID

Nonlinear programming (90C30) Numerical methods based on nonlinear programming (49M37) Financial applications of other theories (91G80) Existence theories for optimal control problems involving partial differential equations (49J20)

Uses Software

• MRST
• REMSO

Cites Work

• Unnamed Item
• CVaR norm and applications in optimization
• Open-source MATLAB implementation of consistent discretisations on complex grids
• Nonlinear output constraints handling for production optimization of oil reservoirs
• Nonlinear multiobjective optimization
• A multiobjective steepest descent method with applications to optimal well control
• Recent progress on reservoir history matching: a review
• Reservoir Simulation

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